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transparency.

The year of 2025 was remarkable for Sunly.
Here are some of the highlights.

280 GWhGreen electricity produced

1 GWOperational & under construction portfolio

1 GWReady-to-build portfolio

6 GWDevelopment pipeline

Newly operational
projects.

Raba 45 MW solar project

The Raba 45 MW solar project started operating in Estonia.

52 MW solar portfolio in Latvia

Six parks in Latvia started operating, with a combined capacity of 52 MW.

Asset construction.

Risti 244 MW solar park in Estonia

Construction began on the Risti 244 MW solar park in Estonia.

225 MW solar portfolio in Latvia

Construction began on three large solar park projects in Latvia, with a combined capacity of 225 MW.

Development.

16 GW

Total portfolio.

8 GW

Risk-weighted portfolio.

Funding.

EUR 71m project financing secured

EUR 71m project financing secured from mBank.

EUR 300m Holdco financing raised

EUR 300m Holdco financing raised from Rivage Investments, Copenhagen Infrastructure Partners (CIP) and Kommunal Landspensjonskasse (KLP) through funds managed by CIP, including the refinancing of a EUR 14m bond from LHV.

EUR 60m equity financing raised

EUR 60m equity financing raised from current shareholders, including the largest investors – EBRD, Mirova and Vardar.